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Tips To Avoiding Timeshare Fraud

February 05, 2012 | Comments: 0 | Views: 124

Don't Get Scammed When Selling Your Timeshare

When you're selling your timeshare there are many ideas which spring to mind. How you can safeguard yourself against scams generally isn't a very big concern. But regrettably, timeshare resell ripoffs happen pretty frequently, and your chances of coming up against a con are much higher than you would probably like. Therefore how can you understand what businesses are trustworthy and which you need to avoid? Within this article, I'll let you know how you can successfully fend off these types of ripoff artists, avoid being roped into their schemes, and find trustworthy timeshare resell businesses that will help you market your home.

The Frequency Of Timeshare Ripoffs

The Better Business Bureau ranked timeshare resell ripoffs #4 on their list of the biggest annual scams. They're typical simply because those who are selling their timeshares have a near desperate need get rid of them as soon as possible to prevent having to pay growing upkeep costs. Through overstating the health of the resale marketplace, as well as making false claims about buyers already prepared to buy the home, these con artists are able to persuade individuals into thinking that the only method to marketing their timeshare is through paying expensive fees up front. High upfront fees are the biggest sign that you might have just come across one of these ripoffs.

Finding An Honest Resale Company

You can sell your timeshare fast if you use a timeshare resale company, although you have to recognize a reputable one. Do not pay a fee upfront of greater than a hundred dollars for their services, if you pay anything at all, and don't listen to a company who states that the market is currently in a great place, and/or that they have buyers already lined up to purchase your property even though it hasn't even been listed. Should you find yourself in a position where the company you are dealing with requests that you pay an upfront fee in order for them to list and asses your property, or they won't give you information on the nature of the agreement, or even that the money you give them will go to an offshore escrow account, you will more than likely not want to deal with this company for much longer.

Avoiding Potential Ripoffs

To sell your timeshare, you are going to have to protect yourself from such scams. You can do that by doing your research so you can recognize the scams when they arise. That will allow you to make a quick sale of the timeshare. You'll be successful because you will not have to deal with the damage that such unethical companies will inflict on your life and your finances. Remember, a company that's keeping your interests in mind will be glad to answer your questions, skip the upfront fees, and make sure you get the information you need in writing before any agreements are made.

Robyn Parson is the creator of the Buy Timeshare website. She developed the website as a one-stop-shop for people in need of information on Ideal Locations To Buy Timeshare.

Source: EzineArticles
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